USD/CAD bias flipped 7 times to weak bullish on September 21, 2026
The Canadian dollar is under pressure as a hawkish Federal Reserve contrasts with a steady Bank of Canada, while sliding oil prices and trade tensions weigh. Bank of Canada Governor Macklem has noted inflation drifting higher amid lingering uncertainty, said rate decisions must look beyond the initial oil shock, and warned U.S. tariffs could roughly halve fourth-quarter growth to below 1%. USD/CAD has strengthened above 1.4000 as markets also wait on Trump-Xi developments with Brent testing $100.
Updated
The reading that day
Weak bullishAt the close of the UTC day.
BearishNeutralBullish
It changed 7 times during the day.
The day on the wire
00:0006:0012:0018:0024:00
The band shows the reading through the day; a mark shows where it changed. Each tick is a headline first seen that day.
The reading through the day
- 00:00Neutral
- 06:54Bullish
- 13:19Bearish
- 13:34Bullish
- 15:10Weak bearish
- 15:25Bullish
- 17:06Weak bearish
- 17:26Weak bullish
Headlines (12)
First seen on September 21
- Canadian Dollar seems vulnerable near August 7 low amid sliding oil prices, trade tensionsFXStreet
- USD/CAD Price Forecast: Strengthens above 1.4000, bullish tone prevails above key averagesFXStreet
- Euro holds gains against Canadian Dollar amid lower oil pricesFXStreet
- Canadian Dollar remains under pressure as hawkish Fed contrasts with steady BoCFXStreet
- USDCAD buyers get a second shot as 1.4000 support comes into focusInvestingLive
- Markets Wait on Trump-Xi as Brent Tests $100—AUD and CAD Break From the PackActionForex
- Navigating uncertainty and adapting to changebankofcanada.ca
- Bank of Canada’s Macklem: US tariffs could roughly halve fourth-quarter growth to below 1%InvestingLive
- BoC’s Macklem: Rate decisions must look beyond initial Oil shockFXStreet
- BoC’s Macklem sees inflation drifting higher as uncertainty lingersFXStreet
Carried over from earlier days
Scheduled events
As of
| Event | Forecast | Currency |
|---|---|---|
| Monday, September 21 | ||
| FOMC Member Goolsbee Speaks | USD | |
| BOC Gov Macklem Speaks | CAD | |
| Tuesday, September 22 | ||
| ADP Weekly Employment Change | USD | |
| NHPI m/m | CAD | |
| Richmond Manufacturing Index | 2 | USD |
| FOMC Member Williams Speaks | USD | |
| FOMC Member Jefferson Speaks | USD | |
| FOMC Member Barkin Speaks | USD | |